mainly macro

Both John Kay and Joerg Bibow think additional government spending on public investment is a good idea, and that helicopter money (HM) is...

Martin Sandbu in the FT picks up on my post on central bank mistakes. While he says that the first and third I identify are “on point”, h...

Mistake 1 If you are going to blame anyone for not seeing the financial crisis coming, it would have to be central banks. They had t...

Perhaps it was too unconventional setting out an argument (against independent central banks, ICBs) that I did not agree with, even though...

I personally think giving central banks the power to decide when to change interest rates (independent central banks, or ICBs) is a sensibl...

Tony Yates yesterday commented on my two recent pieces on Germany. The second issue he raises, on countercyclical fiscal policy, is I th...

Suppose you have two objectives for monetary policy: financial sector stability and real economy stability. You have two main instruments: ...

Mervyn King said “Central banks are often accused of being obsessed with inflation. This is untrue. If they are obsessed with anythi...

This is a follow up to my last post on Corbyn and central bank independence (CBI). No apologies for returning to this topic: not often do ...